UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): April 22, 2011 (April 19, 2011)

 

 

FIRST FARMERS AND MERCHANTS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Registrant’s telephone number, including area code  (931) 388-3145

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

 

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Section 5 — Corporate Governance and Management

 

Item 5.07.  Submission of Matters to a Vote of Securities Holders.

 

First Farmers and Merchants Corporation (the “Corporation”) held its annual meeting of shareholders on April 19, 2011 (the “Annual Meeting”). At the Annual Meeting, the shareholders of the Corporation voted on the following proposals:

 

·                  The election of 15 directors to the Corporation’s Board of Directors;

 

·                  An advisory vote on the compensation of the named executive officers; and

 

·                  An advisory vote on the frequency of the advisory vote on the compensation of the named executive officers.

 

For more information about the foregoing proposals, see the Company’s proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on March 23, 2011. The number of votes cast for or against, as well as abstentions and broker non-votes, if applicable, with respect to each proposal is set out below.

 

Proposal 1:  Election of Directors

 

The Corporation’s shareholders elected each of the 15 nominees to serve as directors of the Corporation until the 2012 annual meeting of shareholders or until his or her successor is qualified and elected.  The voting results are set forth below:

 

Director Nominee		For		Withheld		Broker Non-Vote
Kenneth A. Abercrombie		3,446,870		72,672		348,551
James L. Bailey, Jr.		3,451,974		67,568		348,551
M. Darlene Baxter		3,448,486		71,056		348,551
Jonathan M. Edwards		3,452,806		66,736		348,551
Tom Napier Gordon		3,452,194		67,348		348,551
Dalton M. Mounger		3,453,026		66,516		348,551
Timothy E. Pettus		3,439,960		79,582		348,551
Dr. Joseph W. Remke, III		3,449,760		69,782		348,551
Patrick J. Riley		3,453,026		66,516		348,551
Matthew C. Scoggins, Jr.		3,453,026		66,516		348,551
T. Randy Stevens		3,429,595		89,947		348,551
W. Lacy Upchurch		3,452,134		67,408		348,551
William R. Walter		3,450,854		68,688		348,551
Dan C. Wheeler		3,451,686		67,856		348,551
Dr. David S. Williams		3,452,134		67,408		348,551

 

Proposal 2:  Advisory Vote on Executive Compensation

 

The Corporation’s shareholders adopted a resolution to approve, on an advisory basis, the compensation of the named executive officers described in the Corporation’s proxy statement.  The voting results are set forth below:

 

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For		Against		Abstention/Broker Non- Vote
3,174,860		246,395		446,838

 

Proposal 3:  Advisory Vote on the Frequency of an Advisory Vote on Executive Compensation

 

The Corporation’s shareholders expressed a non-binding preference to hold the advisory vote on the compensation of the named executive officers every three years.  The voting results are set forth below:

 

1 Year		2 Years		3 Years		Abstention/Broker Non-Vote
1,045,452		103,432		2,124,291		594,918

 

Based on these results, the Corporation will hold an advisory vote on the compensation of the named executive officers every three years.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

	FIRST FARMERS AND MERCHANTS CORPORATION
	By:	/s/ Patricia P. Bearden
		Patricia P. Bearden
		Treasurer
Date: April 22, 2011

 

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